Accepting payment cards in a specialist clothes shop
Some clothes shops prefer to be called to as boutiques because there is a have a specialist range of clothes that are perhaps exclusive to them. On the other end of the scale Additionally, there are are also some very specialist clothes shops that sell pre-owned clothing; either way, both styles of shop are very different from the chain high street stores.
These specialist clothing retailers often only accept cash because in the case of pre-owned shops, their single items are so cheap, or in the case of the more specialist type of boutiques, they are reluctant to, or believe themselves unable to, afford the charges associated with processing payment cards.
So why accept card payments?
There are three main reasons why card payments are the ideal a good idea:
â¢ Firstly itâs more convenient for a customer to employ a use a payment card, rather than having to leave the store and search for a cash machine. Even when there is You will find there’s is a cash machine right outside the door of the clothing shop itâs still considered an inconvenience by many consumers; people just prefer increasingly more and more to use their debit cards to fund pay for their goods / services and services these days.
â¢ Another excellent reason to accept payment cards is that customers in these specialist retailers will likely very well usually pay in cash, but Should they have they have the choice the option to pay with their credit or debit or credit card they may spend a bit more little more money. Accepting card payments is an excellent a great supply of of getting customers to buy more than they need, or more than they have the ready cash for.
â¢ And finally, enabling customers to pay with their credit cards allows them the luxury of spreading the expense of cost of their specialist clothing over so long as long as they want by paying their bill in their own personal their own time.
How much does it cost to start accepting card payments?
The costs involved in accepting card payments are entirely dependent on who processes the payments. Banks will often offer this service to existing business customers, but they shall be will be unable to keep their merchant fees low due to their compliance with banking fees overall the board and their inability to consider businesses as individuals.
Independent payment processors can concentrate more on SMEs (small and medium enterprises) and tailor their service to reflect the individual business needs of each client. Their merchant fees are occasionally often be more flexible than the banks and therefore this reason they could be can be much lower, with regards to the on the individual business.
How to setup set up card payments in a specialist clothing store
The only way to proceed is to contact independent payment processors directly and obtain quotes from each of them. it is necessary is important to consider all aspects of the payment processing service and not only the merchant fees. Here are several are some other things to be aware of:
â¢ Is customer service available 24 hours a day and is the call centre located in the in the UK?
â¢ How much does it cost to lease the card terminals?
â¢ How long does it take to set up?
â¢ What are the set up costs?
â¢ Are there any discounts or offers available; for example, are there lower merchant fees if a longer contract is signed?